Build-A-Bear Workshop (NYSE:BBW) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Build-A-Bear Workshop (NYSE:BBW) released its quarterly earnings results on Thursday. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03, Zacks reports. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Build-A-Bear Workshop updated its FY 2024 guidance to EPS.

Build-A-Bear Workshop Price Performance

Build-A-Bear Workshop stock opened at $46.49 on Friday. The company has a market cap of $628.54 million, a price-to-earnings ratio of 13.06 and a beta of 1.53. Build-A-Bear Workshop has a 12 month low of $21.24 and a 12 month high of $47.01. The stock’s 50-day moving average is $37.02 and its 200-day moving average is $30.99.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. Build-A-Bear Workshop’s dividend payout ratio is presently 22.47%.

Analyst Ratings Changes

BBW has been the subject of a number of analyst reports. StockNews.com raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Tuesday. Northland Securities lifted their price objective on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

Insider Activity

In related news, CAO Eric R. Fencl sold 17,274 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $35.05, for a total value of $605,453.70. Following the sale, the chief accounting officer now directly owns 137,078 shares of the company’s stock, valued at $4,804,583.90. This represents a 11.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Carrara sold 2,500 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total value of $90,675.00. Following the completion of the transaction, the director now owns 18,421 shares of the company’s stock, valued at approximately $668,129.67. The trade was a 11.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,734 shares of company stock valued at $2,844,217. Company insiders own 7.90% of the company’s stock.

Build-A-Bear Workshop announced that its board has initiated a share buyback plan on Wednesday, September 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to reacquire up to 23.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.